ARTS WAY MANUFACTURING CO INC (ARTW) [Rocket]

In millions, except per share items	May-31-23	Feb-28-23	Aug-31-22	May-31-22	Feb-28-22	Nov-30-21	Aug-31-21	May-31-21
	10-Q	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q
Revenues:
Agricultural Products			20.6	18.9	17.5	16.8	15.4	14.4
Modular Buildings			5.1	5.3	5.3	5.7	5.2	6.2
Tools			2.6	2.5	2.4	2.5	2.6	2.4
Total revenues			28.3	26.7	25.2	25.0	23.2	23.0
Revenue growth [+]			22.1%	16.0%	10.5%	11.4%	-5.2%	-1.9%
Agricultural Products			33.9%	31.4%	28.3%	28.6%	12.0%	8.5%
Modular Buildings			-2.5%	-15.3%	-23.0%	-18.8%	-38.3%	-21.6%
Tools			0.8%	4.9%	4.7%	5.5%	14.1%	6.1%
Cost of goods sold			16.4	15.1	14.0	18.4	19.2	19.9
Gross profit			11.9	11.6	11.2	6.6	4.0	3.2
Gross margin			42.2%	43.5%	44.4%	26.4%	17.3%	13.9%
Selling, general and administrative [+]			4.6	4.6		5.6	5.6	5.4
Sales and marketing			1.6	1.6	1.5	2.0	1.9	1.8
General and administrative			3.0	2.9	2.7	3.6	3.6	3.7
Other operating expenses			6.0	6.0	6.0	0.5	0.5	0.5
EBITDA [+]				1.7	1.5	1.1	-1.4	-2.1
EBITDA growth			-228.3%	-183.2%	-149.5%	-136.8%	27.2%	133.6%
EBITDA margin			6.5%	6.4%	6.0%	4.6%	-6.2%	-9.0%
Depreciation and amortization				0.7	0.6	0.6	0.6	0.7
EBIT [+]			1.3	1.1	0.9	0.5	-2.1	-2.7
EBIT growth			-164.7%	-138.9%	-123.4%	-113.4%	2.7%	52.0%
EBIT margin			4.7%	4.0%	3.5%	2.1%	-8.9%	-11.9%
Interest expense			0.3	0.3		0.3	0.3	0.3
Interest expense			0.3	0.3		0.3	0.3	0.3
Other income (expense), net			-0.4	-0.4	-0.4	0.1	1.2	1.3
Pre-tax income			0.6	0.4	0.3	0.3	-1.1	-1.7
Income taxes			0.2	0.2	0.1	0.1	-0.5	-0.6
Tax rate			34.4%	42.0%	53.3%	20.3%	44.1%	35.8%
Net income			0.4	0.2	0.1	0.2	-0.6	-1.1
Net margin			1.5%	0.9%	0.5%	0.9%	-2.7%	-4.8%

Basic EPS [+]			$0.09	$0.05	$0.03	$0.05	($0.14)	($0.25)
Growth			-163.4%	-120.4%	-106.0%	-109.8%	-66.2%	-36.1%
Diluted EPS [+]			$0.09	$0.05	$0.03	$0.05	($0.14)	($0.25)
Growth			-163.4%	-120.4%	-106.0%	-109.8%	-66.2%	-36.1%


Shares outstanding (basic) [+]			4.6	4.6	4.5	4.5	4.5	4.5
Growth			2.8%	2.4%	2.5%	2.9%	2.9%	3.0%
Shares outstanding (diluted) [+]			4.6	4.6	4.5	4.5	4.5	4.5
Growth			2.8%	2.4%	2.5%	2.9%	2.9%	3.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.